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in fiscal year 2009, we achieved a high deficit watermark of $1.4 trillion. that number fell to a still high $680 billion in fiscal year 2013. of the $736 billion of deficit reduction over that five-year span, $670 billion came from increased revenue or taxes and only $66 billion came from reduced outlays. so in terms of budget realizations, rather than promises for the future, less than 9% of the deficit reduction between 2009 and 2013 came from reductions in spending. the vast majority came from increased revenue. yet the mantra from the administration continues: more revenue and higher taxes along with ever-more spending. one can only wonder where job creation falls into the mix, if it does at all. since president obama came into office, we've heard a lot of talk about his laser-like focus on job creation. however, the record of this administration suggests that this focus is more on growing government than on growing our economy. we've seen the failed stimulus, obamacare, and initiatives like dodd-frank, all of which have expanded the size and scope of th
in fiscal year 2009, we achieved a high deficit watermark of $1.4 trillion. that number fell to a still high $680 billion in fiscal year 2013. of the $736 billion of deficit reduction over that five-year span, $670 billion came from increased revenue or taxes and only $66 billion came from reduced outlays. so in terms of budget realizations, rather than promises for the future, less than 9% of the deficit reduction between 2009 and 2013 came from reductions in spending. the vast majority came...
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Mar 3, 2014
03/14
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here we see a budget deficit falling sharply. i'll pick on the cbo since everybody picks on the cbo. i thought their receipt estimates for next two or three years were a little stingy, but no matter how you slice it the deficit as percentage of gdp is headed below 3% in the next year or two. you see all this good news. yet no one in this city wants to acknowledge it or take credit for it. it is damnest thing i ever have seen. let me fin wish a comment on three sources in this city that seem unwilling to acknowledge the fact that things have gotten better. you have to ask the question, could this be a self-fulfilling prophecy? first and foremost, not surprisingly is the media. i have some friend here in the press but media feels you can sell more newspapers and get better ratings when you talk about the negative. during the holidays, my blood pressure spiked about 20 points. i saw two stories talking about the recession as if it were still underway. well, for christ's sake the recession ended in june of 09 yet you still hear in th
here we see a budget deficit falling sharply. i'll pick on the cbo since everybody picks on the cbo. i thought their receipt estimates for next two or three years were a little stingy, but no matter how you slice it the deficit as percentage of gdp is headed below 3% in the next year or two. you see all this good news. yet no one in this city wants to acknowledge it or take credit for it. it is damnest thing i ever have seen. let me fin wish a comment on three sources in this city that seem...
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Mar 5, 2014
03/14
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KCSM
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obama says the budget deficit will decline to five hundred sixty four billion dollars the lowest level in his presidency. we go to the side of the road you squeeze the middle class or for going to continue to reduce the deficit is responsible for all taking steps to grow and strengthen the middle class. republican house speaker john bain are strongly criticized the draft he said it was the most irresponsible. he said it would only increase spending and borrowing expanded governments and hurt the economy. a ban on exports of raw materials has pushed indonesia's trade balance into the red for the first time in three months indonesian officials say the trade deficit in january came to about four hundred thirty million dollars exports of about fourteen point four billion dollars compared with imports of fourteen point nine billion dollars. the country has long earn foreign currency by exploiting natural resources and mining law they came into effect in january slowed overseas shipments beloved and exports of nickel copper and other minerals that have not been processed. the idea is to enco
obama says the budget deficit will decline to five hundred sixty four billion dollars the lowest level in his presidency. we go to the side of the road you squeeze the middle class or for going to continue to reduce the deficit is responsible for all taking steps to grow and strengthen the middle class. republican house speaker john bain are strongly criticized the draft he said it was the most irresponsible. he said it would only increase spending and borrowing expanded governments and hurt...
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Mar 3, 2014
03/14
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at its as a disaster, and we can't afford it as taxpayers because it's going to completely shoot the deficit higher and higher and higher. >> craig, thank you very much. again, regardless of whether folks at home agree or disagree with craig, the fact of the mary is to pin this on republican governor weather are not going along when it's at least a dozen democratic state governors who are having trouble getting is along, think masks reality. >>> as crisis turns to chaos over there how would america's mayor deal with it over here? rudy giuliani is next. predicting the future is a pretty difficult thing to do. but, manufacturing in the united states means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation.
at its as a disaster, and we can't afford it as taxpayers because it's going to completely shoot the deficit higher and higher and higher. >> craig, thank you very much. again, regardless of whether folks at home agree or disagree with craig, the fact of the mary is to pin this on republican governor weather are not going along when it's at least a dozen democratic state governors who are having trouble getting is along, think masks reality. >>> as crisis turns to chaos over...
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Mar 5, 2014
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at a time when our deficit has been cut in half it allows us to meet op gagbligations of future generations without leaving them a mountain of debt. >> the budget will impact the bottom line for most americans for better and also for worse. the earned income tax credit expands eligibility to ages 20-24 and older workers ages 55 to 66. it is to offset payroll and intomorr income taxes but it will close the loophole that is allow higher income workers to avoid similar. my irs it allows them to save retirement. they back savings up to 15,000 and rolls it into a traditional irs. college care tax breaks which would give 1.71 families an average tax cut. this budget like the previous two are certain to take an uphill battle in congress. tough battle ahead for this one. >>> the time is 10 minutes to the top of the hour almost. an experienced pilot gets a rude awakening from one of the passengers. wait until you hear what his note says. >> a baby brought to tears through a sight on tv. >> who this little one can't stand to look at. >> did you recognize it? >> wait to hear that one. >> can't wait to
at a time when our deficit has been cut in half it allows us to meet op gagbligations of future generations without leaving them a mountain of debt. >> the budget will impact the bottom line for most americans for better and also for worse. the earned income tax credit expands eligibility to ages 20-24 and older workers ages 55 to 66. it is to offset payroll and intomorr income taxes but it will close the loophole that is allow higher income workers to avoid similar. my irs it allows them...
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Feb 27, 2014
02/14
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a 30 million more deficit is hard to make up. and if a black or latino kid isn't ready for kindergarten, he's half as likely to finish middle school with strong academic and social skills. so by giving our kids access to high-quality early education and by helping parents get the cools they need to help their children succeed, we can give more kids a better shot at the career they are capable of and the life that will make us all better off. that's point number one, right at the beginning. point number two, if a child can't read well by the time he's in third grade, he's four times less likely to graduate from high school by age 19 than one who can. and if he happens to be poor, he's six times less likely to graduate. so by boosting reading levels, we can help more of our kids make the grade. keep on advancing. reach that day that so many parents dream of coming close and then you start tearing up and that's when they are walking across that stage holding that diploma. number three, we know that latino kids are almost twice as li
a 30 million more deficit is hard to make up. and if a black or latino kid isn't ready for kindergarten, he's half as likely to finish middle school with strong academic and social skills. so by giving our kids access to high-quality early education and by helping parents get the cools they need to help their children succeed, we can give more kids a better shot at the career they are capable of and the life that will make us all better off. that's point number one, right at the beginning....
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Mar 4, 2014
03/14
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by taking that out, they will lose 230 billion or so in deficit reduction. already we know one of the ways will be assuming the senate passes and immigration overall. go much does that cost you these are the kinds of things we will be looking for. perhaps the least effective budgets we have seen in years because congress are it has a toplines appropriations number for this year. they are are ready holding hearings. this is entitlement overhaul out of the midterm. how is the budget actually released today, and to are the surrogates that the white house is sending to capitol hill over the next coming days to talk about the president spending plan? 11:30.we will see it at it used to be they handed out copies to the press but that has been curtailed. theave been told that historical perspective volume, usually an interesting economic here this week, will have the main budget all human independent, they will be available at 11:30 and then a noontime press conference. andell from west virginia pretty much well-liked on all sides of the aisle will be going to the h
by taking that out, they will lose 230 billion or so in deficit reduction. already we know one of the ways will be assuming the senate passes and immigration overall. go much does that cost you these are the kinds of things we will be looking for. perhaps the least effective budgets we have seen in years because congress are it has a toplines appropriations number for this year. they are are ready holding hearings. this is entitlement overhaul out of the midterm. how is the budget actually...
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Feb 28, 2014
02/14
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in other words, the tax will go not to reduce the deficit or debt and it will be less lending. why would we be doing that? it makes no sense. spoke with a hunt representative and i want to get your take. to 25, and you are right, 99% of taxpayers will be at 25% or less. 99% and a when i was in school. what we do that is have trade-offs. >> back to the one percent argument. does this thing stand a snowballs chance in hell passing? >> for the bank tax, i hope not, cost -- because you will have less lending. the panel that i was on, and simpson bowles, better known to the general public, we all recommended dramatic reduction rates and elimination of most exemptions, deductions, and credits. that is the only way you solve the problem. if you go at it piecemeal, whether a bank tax on mortgage interest eduction, you never get it resolved. the reality is you want to balance the budget and get the debt in line with where it ought to be. you are going to have to do very dramatic things. i am glad that conversation is starting. you are known as one of the most courageous talkers in the m
in other words, the tax will go not to reduce the deficit or debt and it will be less lending. why would we be doing that? it makes no sense. spoke with a hunt representative and i want to get your take. to 25, and you are right, 99% of taxpayers will be at 25% or less. 99% and a when i was in school. what we do that is have trade-offs. >> back to the one percent argument. does this thing stand a snowballs chance in hell passing? >> for the bank tax, i hope not, cost -- because you...
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Mar 6, 2014
03/14
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. >> defense is going down because the defect -- deficit. >> what you are asking for is very reasonable in terms of this and 56nal $26 billion billion dollars overall for defense and nondefense. forill be given the pay from the administration the next few weeks. many of us have them that are perfectly reasonable. we pay for what we need to do as a country including closing some of these loopholes which are egregious. these offshore tax loopholes, that allow the most profitable corporations in the world to avoid paying taxes by shifting their intellectual property to tax havens. the loopholes that allow the hedge fund managers to be paying half of the tax rate that people who work for them pay. there are some unjustified tax loopholes in this tax code which we should close even if we had no deficit. given the fact we have real needs including security needs, which we much fun -- must fund adequately, there are places we can fund it. $26 billion for defense and 56 billion dollars overall so i hope we take the leap the administration has given us on this budget and fund the full 56 billion
. >> defense is going down because the defect -- deficit. >> what you are asking for is very reasonable in terms of this and 56nal $26 billion billion dollars overall for defense and nondefense. forill be given the pay from the administration the next few weeks. many of us have them that are perfectly reasonable. we pay for what we need to do as a country including closing some of these loopholes which are egregious. these offshore tax loopholes, that allow the most profitable...
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Feb 28, 2014
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many of those programs focus on personal character traits, which is you have a deficit of hope and a surplus of hurdles. so they try to deal with the hope part of it. they say let's build you up, build this character up because you have all the hurdles to deal with. i say let's do both things as once. you have to deal with the structural problems, all the things we say that are not really getting covered but they are. because if somebody is predatory lending for mortgages and that's disproportionally black people, that is structural racism. that is a structural violence against the black family, against the black community, against black men. every one of those things, whether it be mass incarceration or disproportionate drug arrests or any of that, violence in schools or suspensions of black boys higher ratio. so we have to look at those and call those out for what they are and say, we have to deal with all of those both what the boys need to do differently but what we need to do differently as a society. >> i also want to bring in boyce watkins founder of your black world.com. boyc
many of those programs focus on personal character traits, which is you have a deficit of hope and a surplus of hurdles. so they try to deal with the hope part of it. they say let's build you up, build this character up because you have all the hurdles to deal with. i say let's do both things as once. you have to deal with the structural problems, all the things we say that are not really getting covered but they are. because if somebody is predatory lending for mortgages and that's...
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can't have a state full of potheads and get work done to get the state going in order to pay off its deficits. charles: everybody saying marijuana is this thing like smoking cigarettes with no negative impact to it. there is a negative impact. >> we wish somebody in d.c. just as blunt about health care incentivizing to play the ppano while somebody subsidizes them to leave their job. charles: you can't make this stuff up, exporting goods is suing the ceo of what else for allegedly pretending to be a senior executive, he told the store manager he had a meeting with the ceo and persuaded the employees to show him around in the private back areas and answer questions about the operations. is that balls he or what? >> is this true? a secret agent man pretending he is an employee? charles: a senior executive. >> i think it is a right if it is true, it is a little bit over the top. charles: it is embarrassing to say this guy walked in and anyone could have done that. >> they should give him a coupon, think it is funny. charles: ukraine is spooking the market. your take is next. ♪ see what's new a
can't have a state full of potheads and get work done to get the state going in order to pay off its deficits. charles: everybody saying marijuana is this thing like smoking cigarettes with no negative impact to it. there is a negative impact. >> we wish somebody in d.c. just as blunt about health care incentivizing to play the ppano while somebody subsidizes them to leave their job. charles: you can't make this stuff up, exporting goods is suing the ceo of what else for allegedly...
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Mar 3, 2014
03/14
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's slash toidents deficit has been mitigated. on the front page of "the washington post," the republican response. the budget from the republicans will focus on welfare reform. a 204yan will publish page critique, questioning the efficacy of dozens of initiatives and underscoring where republicans say consolidation or spending reductions are needed. democrats line. caller: my name is patrick. i want to talk about the guy that just called talking about the revolt that he wants people to revolt in america. this guy is sitting on his high somewhere,e suburbs eating snickers bars. we are not going to go there. ukraine is a part of russia. it has been a part of russia for the last couple hundred years. we all know that. america, the european union, they have no business in the affairs of russia and ukraine. america needs to clean up its own house before you can go overseas. those folks are fighting for independence. host: that as a last call. we continue on with our discretion about ukraine. josh rogin will join us. later on, how smal
's slash toidents deficit has been mitigated. on the front page of "the washington post," the republican response. the budget from the republicans will focus on welfare reform. a 204yan will publish page critique, questioning the efficacy of dozens of initiatives and underscoring where republicans say consolidation or spending reductions are needed. democrats line. caller: my name is patrick. i want to talk about the guy that just called talking about the revolt that he wants people...
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Mar 5, 2014
03/14
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CNBC
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the stronger economy helps fuel the tax burden, helps fuel some of the deficit. if there are things we can do in the administration, the old politics over policy, i think certainly in energy, certainly in several other key areas if we had a better view on policy versus politics, i think we'd see some more robustness. you look at the jobs that are created out of energy and the fracking business, you know, the average employee in theç marcellus, $95,000 a year. 1.3 million jobs, $63 billion in additional tacks. energy independence is at the heart of getting this gdp up and running. >> growth cures all evil. it's great to see you. >> thank you for the opportunity. >> really appreciate it. >>> we have some breaking news now. bertha coombs, what can you tell us? >> the white house says it's going to allow -- to extend the current customers in the transitional plan yaal plans fo two years. 1.5 million individuals and small businesses. they will be renewable through 2016. also boosting 2015 deductibles and out of pocket costs by 4% and they're extending the open enrol
the stronger economy helps fuel the tax burden, helps fuel some of the deficit. if there are things we can do in the administration, the old politics over policy, i think certainly in energy, certainly in several other key areas if we had a better view on policy versus politics, i think we'd see some more robustness. you look at the jobs that are created out of energy and the fracking business, you know, the average employee in theç marcellus, $95,000 a year. 1.3 million jobs, $63 billion in...
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Feb 27, 2014
02/14
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there is a trust deficit here. when kerry asked if he trusted putin, he said, wolf, there is some value in putin and that's why you keep hearing from u.s. officials they are going to keep watching what russia does this weekend. we know they are watching closely from the air, from the ground to see if the troop movements amount to anything where they go into the country. >> reminds me sort of the worlds of ronald reagan's in the '80s, trust but verify. >> that's right. john kerry says verify, verify, and then verify. >> the situation is tense. jim sciutto, thank you very much. more on the rising tensions in the u.s. but just ahead, former chris christie aides contain new information about the bridscand and they are sparking new outrage. in fact, they depend on a unique set of nutrients. [ male announcer ] that's why there's ocuvite to help protect your eye health. as you age, your eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients. ocuvite is a vitamin made just for your eyes from the eye care
there is a trust deficit here. when kerry asked if he trusted putin, he said, wolf, there is some value in putin and that's why you keep hearing from u.s. officials they are going to keep watching what russia does this weekend. we know they are watching closely from the air, from the ground to see if the troop movements amount to anything where they go into the country. >> reminds me sort of the worlds of ronald reagan's in the '80s, trust but verify. >> that's right. john kerry...
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Mar 5, 2014
03/14
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you've used it to reduce the deficit. are you going to do that again in your budget in light of all of the attacks that have come onto medicare advantage cuts? >> sure, a couple of things. chain cpi was the president's idea. we never included that. we thought there were better ways to go. it was never a policy we were enamored with. medicare advantage, we have put things in our budget to address the medicare problem. reserve funds to fix medicare advantage, and we've put some of that money from the medicare cuts that pay for obamacare back into the advantage care system. we've always believed in doing that. you take two years toth, and it's a double-digit cut to medicare advantage, which means high premiums for those folks, or just loss of benefits, or we're worried about withdrawing from communities. so i do believe you need to -- you need to fix the medicare advantage problem. and we have proposed that in the past budgets. so you'll see us address that in our budget like we have each of the last few years. the thing tha
you've used it to reduce the deficit. are you going to do that again in your budget in light of all of the attacks that have come onto medicare advantage cuts? >> sure, a couple of things. chain cpi was the president's idea. we never included that. we thought there were better ways to go. it was never a policy we were enamored with. medicare advantage, we have put things in our budget to address the medicare problem. reserve funds to fix medicare advantage, and we've put some of that...
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Feb 28, 2014
02/14
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CNBC
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how about saying that. >> well, there is a decline in the deficit, but i don't know how much of that s is due to th proceeds of fannie mae and freddie mac. >> and the fdic had a good trade in there. good trading by them. >> and we have not talked about it often enough, but we have talked about the lawsuit initiate initiated by perry and berkowitz and ackman owning the common which is up sharply, but they are way past paying them back. and the president -- >> and the president has said that the common -- >> and the third amendment is all in place meaning that all of the profits are e sweeping to the government helping the e deficit. >> it is a windfall due to the rising pricing in housing, but the president said that the common should go to the treasury and he made that statement, and the fdic knew that the preferred and the fdic made a good trade instead of a bad trade. >> and did they know something, because it seem had the fdic had incomplete information there. >> and hey, well, steve cohen h, and danny may. >> yes, and broadly jim, on the -- there is a list of 29 commodities that
how about saying that. >> well, there is a decline in the deficit, but i don't know how much of that s is due to th proceeds of fannie mae and freddie mac. >> and the fdic had a good trade in there. good trading by them. >> and we have not talked about it often enough, but we have talked about the lawsuit initiate initiated by perry and berkowitz and ackman owning the common which is up sharply, but they are way past paying them back. and the president -- >> and the...
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Feb 27, 2014
02/14
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i think it's more about deficit spending where they'll try to earn -- try to get janet yellen to see how far she'll go politically. greenspan a little bit more of a political animal. ben bernanke saying we'll not weigh in on that stuff and we don't know where janet yellen comes down, and saying do you know what, you need to bring down the deficits, how you do it is your problem. >> it raises questions about unemployment. that's the sticking point. that's what investors and traders want to hear from her, the whole issue of forward guidance. if you were still there, what would you recommend? how would you switch policy to get away from the 6 1/2 percent unemployment threshold? >> they've been burned. no other way to put it they've been burned on the 6.5% marker, whatever you want to call it, threshold and they'll back away from that. i would think that janet yellen would want to make maximum use of what will be a honeymoon period. i don't think that anybody is going to be going really after her hard. it's too early to do that. and there's nothing really to pin on her if you will. i thi
i think it's more about deficit spending where they'll try to earn -- try to get janet yellen to see how far she'll go politically. greenspan a little bit more of a political animal. ben bernanke saying we'll not weigh in on that stuff and we don't know where janet yellen comes down, and saying do you know what, you need to bring down the deficits, how you do it is your problem. >> it raises questions about unemployment. that's the sticking point. that's what investors and traders want to...
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Mar 2, 2014
03/14
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ALJAZAM
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the cowboys overcoming a deficit, shooting 64% from the field. the finals 72-65 osu. virginia continues to be one of the surprise teams. they beet syracuse outscoring the orange. celebrating an amazing season on senior day in charles otsville. the cavaliers had the first out right a.c.c. title in 33 years. the orange dropped three of their last four. >> on the links, tiger woods is trying to make noise after barely making the cut at the honda classic. woods beginning the third round it 11 shots behind rory mcilroy. china charged up the board, posting seven birdies. woods jumped 49 spots. seven behind the leader entering the final round. >> finally tempers flare in the english premier league. the manager, al-alan pardew ped butting david meyler. he wassest jected and -- he was ejected and finned $168,000. >> sydney's gay and lesbian community celebrated the mardi grass parade. more than 10,000 watched the spectacle. the australian navy band marched alongside secondly clad dancers. [ ♪ music ] >> crowds filled the streets of rio de janeiro for its mardi gras parties.
the cowboys overcoming a deficit, shooting 64% from the field. the finals 72-65 osu. virginia continues to be one of the surprise teams. they beet syracuse outscoring the orange. celebrating an amazing season on senior day in charles otsville. the cavaliers had the first out right a.c.c. title in 33 years. the orange dropped three of their last four. >> on the links, tiger woods is trying to make noise after barely making the cut at the honda classic. woods beginning the third round it 11...
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Feb 27, 2014
02/14
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KGO
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including bipolar disorder and attention deficit issues. the greatest risk was seen in fathers 45 and older. >>> health advocates are pushing the fdaed to stop a powerful painkiller from going to the market. it's called zohydro. it's five to ten times more potent than a similar pill, vicodin. the fda approved it last fall. it goes on the market next month but critics are urging the fda to reconsider because the drug is so potent and potentially addictive. >>> get ready for a change you see on the labels in the market. the obama administration will announce new rules which have bigger and easier to read calorie numbers. serving sizes that reflect reality and separate sugar listings. other listings will be simplified and easier to understand. 12478 >>> president obama asking congress for $300 billion for infrastructure projects. he made this announcement at a train and bus station that was just refurbished. an example of what is possible, he said. transit is expected to run out of money later this year. mr. obama says these projects 49 provid
including bipolar disorder and attention deficit issues. the greatest risk was seen in fathers 45 and older. >>> health advocates are pushing the fdaed to stop a powerful painkiller from going to the market. it's called zohydro. it's five to ten times more potent than a similar pill, vicodin. the fda approved it last fall. it goes on the market next month but critics are urging the fda to reconsider because the drug is so potent and potentially addictive. >>> get ready for a...
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Feb 28, 2014
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brown turned a $25 billion deficit in 2011 into a surplus this year. his approval rating is at an all-time high at 58%. the state's open primary is in june. >>> and on the cover of "people" magazine, paula deen is opening up about her career-shattering scandal last summer. and in the interview, she said, quote, i feel like embattled or disgraced will always follow my name. it's like that black football player who recently came out. he said i just want to be known as a football player. i don't want to be known as a gay football player. i know exactly what he's saying. deen is referring to nfl prospect michael sam. she recently -- i just don't think this works. i think maybe she ought to try something else, joe, what do you think? i'm wondering if perhaps she might want to just stay away from talking? >> i think she really should. it's like that -- >> -- the talking then is not working for her. >> it's not. >> it's like that black football player -- >> black football player as opposed to one of the white football -- it's like that black -- >> and she sta
brown turned a $25 billion deficit in 2011 into a surplus this year. his approval rating is at an all-time high at 58%. the state's open primary is in june. >>> and on the cover of "people" magazine, paula deen is opening up about her career-shattering scandal last summer. and in the interview, she said, quote, i feel like embattled or disgraced will always follow my name. it's like that black football player who recently came out. he said i just want to be known as a...
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Feb 28, 2014
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financial prudence dictates we reduce our deficits by not spending the money at all. if we must spend it and must choose between africa or america, mr. speaker, i choose spending it in america. america spends more than $40 billion a year on foreign aid, money we do not have, borrow to get and cannot afford to pay back. mr. speaker, if financial irresponsibility and economic insanity have a home, rest assured they live in washington, d.c. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentleman from massachusetts seek recognition? >> unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman from massachusetts is recognized for one minute. >> mr. speaker, two months ago emergency unemployment benefits expired for over one million americans, including 20,000 veterans and yet this house has not taken up legislation to provide these workers and families with necessary relief. mr. tierney: i rise to ask immediate action on the unemployment compensation act which pro
financial prudence dictates we reduce our deficits by not spending the money at all. if we must spend it and must choose between africa or america, mr. speaker, i choose spending it in america. america spends more than $40 billion a year on foreign aid, money we do not have, borrow to get and cannot afford to pay back. mr. speaker, if financial irresponsibility and economic insanity have a home, rest assured they live in washington, d.c. the speaker pro tempore: the gentleman yields back the...
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Feb 26, 2014
02/14
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FOXNEWSW
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came out concluded if you passed obamacare, you were going to save money and was going to help the deficit. i don't even know where they came up with those numbers. then the president had 29 different waivers since that time. so changes in the law. now we know how horrendous the rollout was. now we hear 4 million. the president said it at least five times in the cut we saw. 4 million people have signed up. how many have gone through fulfillment and registered for the program? that's another question. now they expect us to believe that kathleen sebelius never said 7 million. good thing eric has a vcr. >> i think success looks like at least 7 million people having signed up by the end of march 2014. >> yes, that was from my vcr. >> thank you. >> but that's the crazy part. they keep saying things. you know, you're going to save $2500 per family. turns out it's going to cost you $2500 more. you can keep your doctor. you can't keep your doctor. they keep saying things and then months later saying, oh, we never said that. good thing we have those vcrs and tapes and our little editors back there
came out concluded if you passed obamacare, you were going to save money and was going to help the deficit. i don't even know where they came up with those numbers. then the president had 29 different waivers since that time. so changes in the law. now we know how horrendous the rollout was. now we hear 4 million. the president said it at least five times in the cut we saw. 4 million people have signed up. how many have gone through fulfillment and registered for the program? that's another...
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Mar 4, 2014
03/14
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CNBC
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>> oh, no, i think we realize that the deficit is going down. who wouldn't hope for that? we hope for it. it's working. but any time you look at what they're doing, it's all short term. the stuff that's going to eat our lunch is 10,000 people a day turning 65. you've got a system that was set up of social security that you won't even address the insolvency of it for 75 years. health care is on automatic pilot. forget what you call it. it's time to deal with the long-term stuff before interest goes from where it is now to back to historical heights and then watch people grab their socks and run for blocks. >> is there anything you think can be done considering that it probably won't be implemented until after the november 2014 midterms? >> anything that will be done will be done down the road. that's what's wrong with the health care plan. whatever it is is all the correction process is down the road, way ahead. and it's like a dock fix. you're going to do another dock fix and they will run in. you're going to do anything. whatever you do, whether it's tort reform or real e
>> oh, no, i think we realize that the deficit is going down. who wouldn't hope for that? we hope for it. it's working. but any time you look at what they're doing, it's all short term. the stuff that's going to eat our lunch is 10,000 people a day turning 65. you've got a system that was set up of social security that you won't even address the insolvency of it for 75 years. health care is on automatic pilot. forget what you call it. it's time to deal with the long-term stuff before...
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Mar 5, 2014
03/14
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CNBC
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because in the end, we could talk about deficits and debt. we could talk about data. but in the end, treasuries really when it gets nasty, when that tina the only -- that there is no alternative to stocks, that changes rather abruptly when stocks go down. and then tina becomes there is no alternative to being long treasuries. we want to keep cognizant of that. to the end the japanese are doing everything in their power to keep the yen weak, let's look at how all that stimulus and various ways they're trying to goose their economy have panned out. one way they've made good strides on. currently the latest reads is 3.7. now, that is the basic lowest rates since july of '07. during that interim period between '07 and now the high was 5.5. the message to this is is that the japanese may have issues for the last 25 years. but huge high unemployment certainly does not seem to be one of them but they made some inroads. base wage, recent data. this is important. base wages were only up 1/10 year over year. one of the things they're trying to do is goose inflation. if you adju
because in the end, we could talk about deficits and debt. we could talk about data. but in the end, treasuries really when it gets nasty, when that tina the only -- that there is no alternative to stocks, that changes rather abruptly when stocks go down. and then tina becomes there is no alternative to being long treasuries. we want to keep cognizant of that. to the end the japanese are doing everything in their power to keep the yen weak, let's look at how all that stimulus and various ways...
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Mar 5, 2014
03/14
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CSPAN
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during his tenure, the deficit was redutioned from $290 billion to $70 billion. the dow jones industrials more than tripled, unemployment decreased and more than 18 million new jobs were created. senator bob dole described secretary reuben as a man of honesty and integrity. alan greenspan called him one of the most respected treasury secretaries in history. when he retired in 1999, secretary reuben received glowing reports from democrats and republicans alike. here's what he said about climate change a few weeks ago. and i quote. there are a lot of significant monumental issues facing the global economy, but this one supersedes all else. experts are telling us inaction on climate change threatens the global economy. responding to this threat isn't about disadvantaging ourselves, it's about seizing opportunity. there are already 143,000 solar jobs and 80,000 wind jobs in the united states. winning the global clean energy race will mean millions of jobs and faster economic growth. competitors in china and europe understand this. we risk being left behind if we don'
during his tenure, the deficit was redutioned from $290 billion to $70 billion. the dow jones industrials more than tripled, unemployment decreased and more than 18 million new jobs were created. senator bob dole described secretary reuben as a man of honesty and integrity. alan greenspan called him one of the most respected treasury secretaries in history. when he retired in 1999, secretary reuben received glowing reports from democrats and republicans alike. here's what he said about climate...